Exclusive License: Exclusive licences are a way to protect your intellectual property and prevent others from exploiting the rights. An Exclusive License means that no one but you can exploit these properties, which also includes those who would like their own license as well!

Non-exclusive License : This contract can be used to issue a patent license, and everyone participating in its creation retains custody of it. They will also get the chance to take this invention to market with them.

Sub Licenses: The principal of Patent licensing is to grant rights for making products through the process. In other words, they can award licenses on behalf of third parties with competitive edges since they may be able make it better or have access that’s otherwise not available elsewhere.

Cross-Licensing: This is the time when diverse organizations and creators may collaborate. This procedure necessitates the invention receiving backing from other products to enter the market so that they can license their patents or trademarks outright and, if necessary, give marketing aid for a limited period of time.

 Compulsory License: Compulsory Patent licensing is a legal agreement that allows someone else to manufacture patented products or processes without the patent owner’s permission. Trade-Related Aspects of Intellectual Property Rights that is formed under WTO regulations.

Voluntary Licensing: Voluntary Patent licensing is an act of goodwill towards society. Patent holders/patent licenses may, at their discretion, grant to other parties on an exclusive or non-exclusive basis the right to manufacture and distribute pharmaceutical products.

There are companies with which will help you to obtain insurance against the risk of patent infringement that may help fund litigation costs and, if applicable, damages. You can also get coverage in case your company is issued by another party for infringing on Its IP.

A partially- exclusive license allows multiple companies to obtain rights to manufacture or trade a government invention but only in specific specified commercial applications or certain defined geographic locations.

There are many types of patent infringement. However, the common are listed below:

Direct Infringement: If you make, use, sell, try to sell or import something without obtaining a license from the patent holder then it is considered direct patent infringement. You can be sued for damages and an injunction that stops you from infringing further.

Indirect Infringement: Indirect infringement is when one company contributes to or induces another company to infringe on a patent. This can happen even if your company isn\’t directly infringing on the patent itself. You could be held accountable for contributing to or inducing others into infringing on patents that are owned by other companies!

Contributory Infringement: Contributory infringement is when a part that aids in creating a patented item is purchased or imported. To prove contributory infringement, a person must show that the component’s primary use would be to create a patented article. A generic item that has other benefits doesn’t qualify in proving contributory infringement.

Induced Infringement: It’s a patent law term that means someone or something is helping another person or company to infringe on a patent. This can be done through instructions, preparing instructions, and more. It appears through offering instructions, preparing instructions.

Willful Infringement: Willful infringement is a serious offense that can lead to severe penalties. If you’ve been accused of willfully infringing on someone else’s patent, it’s important to take action immediately.

Literal Infringement: Literal infringement is a legal term that refers to the direct correspondence between an infringing device or process and the patented device or process. In literal infringement, there must be a direct correspondence between the infringing device or process and the patented device or process. This means that if someone has created something similar enough to your patent, they might have infringed upon your rights.

The doctrine of Equivalents: Even if the device or method doesn’t precisely infringe a patent, a judge might find in favor of the patent owner.

Evidence of Use (EOU) Chart helps you to:

Recognize potential infringement of existing patents. If you are selling patent assets, then proof of patent infringement can strengthen the terms of the sale.

Identify vertical technology areas. An A-lots of technologies use common subsystems or techniques of getting their means. So, provisional patent and product literature studies seriously help in identifying the right target companies. We at PatentsKart, work closely with you during this significant phase to make out the number and kind of technology silos that set up the scope of your study.

Evaluate potential patent infringement analysts; work with your specialist and counsel to analyze your patent portfolio and make out the candidates that have a high potential of being an infringer.

• To manufacture and marketize the patented invention independently.
• To sell the Patent to another entity.
• To authorize the Patent to one or multiple entities.

Any unauthorized use of someone’s property without seeking their permission is known as infringement.

Two ways of approaching are:

Carrot Licensing

The person or the organization one wants to do business with is not using the patented technology or the product. Instead, the Patent owner must convince the party to use his product and how carrot licensing the product or technology be beneficial for them.

Stick Licensing

If any person or organization uses the patented design, technology, or product and thus, has infringed the Patent. The owner can file a suit against the infringer or settle with the infringer agreeing to license his Patent.